Vol-trading for beginners

[Atikon]

Oh come on now, Fauci has cured the Covid version of the flu and the Fed has cured bear markets. Who could have anticipated this in 2010? Just because ES is in reversion to mean territory in 3 out of 4 major time frames I watch, doesn’t mean it has to correct, right?

Besides, just a little more, and the baby boomers can all retire as millionaires! This is the roaring 20’s again, baby. Year for year. Ok, hopefully not year for year. There was the 1929 market crash, the Depression in the Thirties, and World War II starting in the late Thirties.

With current debt loads, consumer and systemic reliance on over specialization, and some weapon systems that can give everyone a bad day, we had better hope this thing keeps going. And going. And going.

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sure bro, flu and pneumonia didn't cause as many deaths as COVID within a year: https://www.bbc.com/news/health-54463511

feel free to spit your bullshit in political and get this nonesense out of here. I'd love to see this journal filled with destriero posts and question to it

 

[destriero]

I am shorting July vol in front of GOOGL numbers. I've got the 1900/2000P x 2500/2700C 2211 short from an average of 49.6.

I never roll stuff, but I rolled the put legs to 2000/2100 x 2500/2700 and it's marked last at 61.65. My average with the roll and increased size is 59.2 on the new one.

 

[destriero]

I am also long the July 1500/2500/3000 132 fly via the synthetic -> short the 1x 1500/2500 ps and short the 2x 2500/3000 cs from 277.5cr (722.5 risk).

 

[Corto]

I'd love to see this journal filled with destriero posts and question to it

I lost that hope and started to think of it the way you think about a drug: if the benefits outweigh the risks then it’s worth taking it.

 

[destriero]

 

[destriero]

I lost that hope and started to think of it the way you think about a drug: if the benefits outweigh the risks then it’s worth taking it.

You can't quit dest.

 

[destriero]

I don't want people to think that I am only showing my winners. I post TDA phone app performance in (near) real-time so that it shows that I am not photoshopping the %-figure. I'll try to do it each day so the reader can see my return-vol/variance. The TDA account is mid 7 figures and the performance is representative across the accounts that I own. I have three accounts and the TDA is the largest personal account that I trade.

 

[JSOP]

Hopefully another epic learning thread, thanks @destriero

Nothing you cannot learn from just reading Investopedia.com articles or simply picking up an Options textbook (not the ones written by James Cordier). What would be worthwhile here would be some strategies or insights in real-life trading scenarios. In options, executions is EVERYTHING and it couldn't be truer.

Have fun in the thread!

 

[InAllHonesty]

Seems the thread started at the beginner level and dived into a conversation about daily open positions. As an options beginner, I got lost. The bit in the middle fell out I think as it got conversational.

Hey ho. Per other threads I’ve swinged S&P from early 21 to the current highs, so I’m happy. Although was hoping to be more non directional and sell high IV with some condors, but meh..

 

[Overnight]

You can't quit dest.

There is music for that thought.